Hua Hong Semiconductor Sends Circular on Major Acquisition, RMB Share Issuance and Whitewash Waiver

Hua Hong Semiconductor Ltd. ( (HK:1347) ) has issued an update.

Hua Hong Semiconductor has dispatched a circular to shareholders detailing a proposed major and connected transaction to acquire the share capital of a target company through the issue of consideration shares under a specific mandate, alongside a proposed non-public issuance of RMB shares to raise supporting funds. The circular also outlines applications for a whitewash waiver and consent for a special deal, as well as independent recommendations and valuation reports, ahead of an extraordinary general meeting scheduled for 10 February 2026 in Shanghai, where independent shareholders will vote on the acquisition, the share issuance, and the related waivers and consents. The company cautioned that completion of the acquisition and the RMB share issuance remains subject to multiple regulatory and shareholder approvals, including the granting of the whitewash waiver and consent to the special deal by the relevant executive authority, underscoring that the transaction may or may not proceed and advising investors to exercise caution when dealing in its securities.

The most recent analyst rating on (HK:1347) stock is a Hold with a HK$109.00 price target. To see the full list of analyst forecasts on Hua Hong Semiconductor Ltd. stock, see the HK:1347 Stock Forecast page.

More about Hua Hong Semiconductor Ltd.

Hua Hong Semiconductor Limited is a Hong Kong–incorporated semiconductor company operating fabrication facilities in mainland China, with a focus on foundry services for integrated circuits serving a range of electronics and technology customers. Listed on the Hong Kong Stock Exchange, the company is part of China’s broader drive to develop domestic chip manufacturing capabilities and deepen its presence in global semiconductor supply chains.

Average Trading Volume: 36,117,021

Technical Sentiment Signal: Buy

Current Market Cap: HK$198.1B

For a thorough assessment of 1347 stock, go to TipRanks’ Stock Analysis page.